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Here from a), profit maximizing price = 7 and Q = 10. It is shown in the figure below:-
The consumer surplus is shown in blue area which is given as (9-7) *10*1/2 =10 dollar.
Monopoly with tax of 50 cents per unit
Here from c), profit maximizing price = 7.25 and Q = 8.75. It is shown in the figure below:-
The consumer surplus is shown in blue area which is given as (9-7.25 ) *8.75*1/2 =7.65625 dollar. Monopoly without tax, but with price ceiling of $6
Here from d), profit maximizing price = 7.5 and Q = 7.5. It is shown in the figure below:-
The consumer surplus is shown in blue area which is given as (9-7.5 ) *7.5*1/2 =5.625 dollar. * Perfectly competitive industry
In case of perfectly competitive,
MC = D
ð 5 = 45-5P
ð P = 8
And Q from equn i) is 5
So consumer surplus = ½ * (9-5)*5 =10 dollar.
Charge is distributed with constant volume density D throughout the rectangular box with length a, width b and height c. a) what is the monopole moment of this system. b) What i
illustrate and discuss the implications of variou market structures (competitive and noncompetitive) for price determination
Difference between mec and mei.
Price/Feeder Quantity Demanded Quantity Supplied $300 500 1800 270 600 1700 240 700 1600 210 800 1500 180 1000 1400 150 1100 1300 120 1200 1200 90 1300 1100 60 1400 1000 30 1500 90
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